Monday, June 9, 2014

News - Daily Summary

World: Though skirmishes continue in Eastern Ukraine, there seems to be movement in a positive relations between the new government of Ukraine and Russia. Lets see if anything truly positive comes of all this. Pakistan is still dealing with the aftermath of the airport attack. It is also actively attacking supporters of those involved in the attack. In Syria newly re-elected Assad announced a prisoner amnesty. Lets see if that helps ease any tensions in the ongoing civil war. Libya is a mess and the the Libyan Supreme Court (it still exists?) ruled the last election unconstitutional. So the mess will continue as a power vacuum grows. You know things are bad in Venezuela when prostitutes make more money dealing in black market currencies than from sex. So things are still a mess in Venezuela and will continue as long as the current government exists. Tensions are still high across the east China sea. Besides the usual crimes and tragedies, there were no other major developments across the world today.

U.S.: Stocks closed higher as the rally into record territory continues. Gold and oil were higher as well. Today was the day in which Apple stock split 7 to 1. So now Apple is back down to $93, which is deceptive since it was over $640 on Friday. I'm not sure why Apple did this, but then, it's Apple. They don't have to make sense. Besides the usual crimes, tragedies, and trivialities, there were no other major developments in the U.S. today.

It was another day in the calm before the coming economic storm.

What do you think?